OPB Opus Bank

Bragar Eagel & Squire, P.C. Is Investigating Opus Bank (OPB) on Behalf of Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)--

Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Opus Bank (NASDAQ:OPB) concerning whether the board has breached its fiduciary duties to stockholders.

On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” The Company stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, Opus shares declined $7.25 per share to close at $27.20 on October 17, 2016.

If you purchased or otherwise acquired Opus Bank securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact J. Brandon Walker, Esq. by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Opus Bank, please go to www.bespc.com/opusbank. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

EN
26/01/2017

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